Executive at Everspin (NASDAQ: MRAM) sells 358 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERSPIN TECHNOLOGIES INC. Vice President of Sales Sean Michael Dougherty reported an open-market sale of 358 shares of common stock on July 1, 2026 at $22.34 per share. A footnote explains the shares were sold solely to pay taxes due upon the vesting of Restricted Stock Units. After this tax-related sale, he continues to hold 99,173 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 358 shares ($7,998)
Net Sell
1 txn
Insider
Dougherty Sean Michael
Role
Vice President, Sales
Sold
358 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 358 | $22.34 | $8K |
Holdings After Transaction:
Common Stock — 99,173 shares (Direct, null)
Footnotes (1)
- Shares sold solely to pay taxes due upon the vesting of Restricted Stock Units. Includes 1,525 shares purchased on April 12, 2026 pursuant to the Issuer's employee stock purchase plan.
Key Figures
Shares sold: 358 shares
Sale price: $22.34 per share
Shares held after transaction: 99,173 shares
3 metrics
Shares sold
358 shares
Open-market sale on July 1, 2026
Sale price
$22.34 per share
Common Stock transaction price
Shares held after transaction
99,173 shares
Direct holdings after July 1, 2026 sale
Key Terms
Restricted Stock Units, open-market sale, employee stock purchase plan, Common Stock
4 terms
Restricted Stock Units financial
"Shares sold solely to pay taxes due upon the vesting of Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
employee stock purchase plan financial
"Includes 1,525 shares purchased on April 12, 2026 pursuant to the Issuer's employee stock purchase plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did EVERSPIN TECHNOLOGIES (MRAM) insider Sean Michael Dougherty report in this Form 4?
He reported selling 358 shares of EVERSPIN TECHNOLOGIES common stock on July 1, 2026. The shares were sold in the open market at $22.34 each to cover taxes on vested Restricted Stock Units.